Workplace Financial Education and Change in Financial Knowledge: A Quasi-Experimental Approach

Abstract

This exploratory study employed quasi-experimental research methods to investigate the relationship between adult participation in a comprehensive workplace financial education program and changes in financial knowledge levels. Results revealed a positive association between participation in the education program and changes in financial knowledge levels, even when controlling for demographic and socioeconomic differences between the participant and non-participant groups. However, results did not support an association between perfect attendance in the program and changes in financial knowledge. Evidence from this study provides meaningful insight into the association between adult financial education and financial knowledge and offers guidance for the future development of effective comprehensive workplace financial education programs.